Isa

Four P2P platforms select Goji to build IFIsa service




Specialist provider of peer-to-peer and marketplace lending products Goji has been selected to launch the Innovative Finance Isa (IFIsa) for four platforms.

Landbay, UK Bond Network, Downing and Peer Funding have all selected Goji to build and integrate a fully managed IFIsa service, capitalising on its service provider’s expertise, user experience and operational capabilities.

The four platforms were among the first peer-to-peer platforms to become authorised to offer the Isa and hope to see investor take up ahead of the 2016/17 tax year deadline.

Jake Wombwell-Povey, co-founder and CEO of Goji, said it was signing up an increasing number of platforms who were keen to offer their investors a best-of-breed IFIsa service.

“There is a great deal of complexity in bringing the IFIsa to market and we are focused on ensuring that it is as easy as possible for investors to access this new opportunity to drive returns. 

“Interest in this new and attractive investment vehicle is not surprising given the low yields available on traditional fixed income and savings and increasing inflation.”

Jake added that the IFIsa was a great product for investors and urged firms to launch theirs before the big investment businesses start clogging up the airways in the traditional Isa season of February and March. 

“With the end of the tax year approaching, we’re readying our customers for the surge in demand predicted by industry experts. 

“Given current figures, it is easy to see why many thousands more investors will choose to invest in the IFIsa before the April deadline. 

“Then, of course, things will get really exciting with the new £20,000 pa Isa threshold kicking in from April 2017.”

Julian Cork, COO of Landbay, added: “The IFIsa is a fantastic opportunity for current and future investors to place a tax-free wrapper over their peer-to-peer investments with Landbay and other fully regulated businesses. 

“We are delighted to have chosen Goji to support us in doing this both time and cost efficiently and we are on track to launch our property-backed Isa before the tax year is up.”

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